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risk

 
     
  The likelihood of a range of possible outcomes resulting from a decision or course of action. Strictly speaking, risk exists when known probabilities can be assigned to these outcomes. Risk is thus distinguished from uncertainty, under which probabilities cannot be established. Businesses tend to prefer working with risk rather than uncertainty, because of the calculable nature of risk. (DMS)  
 

 

 

 
 
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Other Terms : intensive agriculture | resource economics | Landschaft
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